Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mobile phone company Three Mobile has announced plans to cut 350 jobs from its technology division. The move is part of the roll out of a new platform which is set to start in the middle of 2019. The changes will mean that fewer staff will be required, though the replacement of the existing technology will be phased, meaning that the job losses will take place gradually over a four year period. Three has said that it will seek to help affected employees find work elsewhere in the company, or outside the company should redeployment not be an option.
Eurofound (2018), Three Mobile, Internal restructuring in United Kingdom, factsheet number 95896, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95896.